PwC is set to take on 165 Nortel employees, based in the south east of England and France, to administer a range of functions from payroll, human resources and workforce performance in the UK to non-production purchasing and accounts payable across Europe.
The deal follows an original five-year BPO agreement signed between PwC and Nortel in April to run management operations in the US and Canada.
Nortel, with a $21.3bn revenue last year and 70,000 employees worldwide, offers PwC a massive multimillion pound global market as demand for communications network expands.
Deloittes last week stole a march on its Big Five rivals with the announcement that it plans to float its outsourcing business CSL on the LSE’s alternative investment market.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel